The BFCSA
committee met on August 17th with new members Amanda
Brooks, and Chris Nash with Oliver Deed as an observer.

During the Annual
General Meeting it was agreed to develop a paper to be
circulated to SA members with the pros and cons of a
Supporters Trust, common misconceptions, case studies,
and summary of the constitution and transitional process.
The paper is under development using the expertise of
Supporters Direct and will be issued shortly.

Voting papers will be
issued to BFCSA members who will vote on whether they
agree with the transition process and for the assets of
the BFCSA to be transferred to the Supporters Trust when
it is incorporated. Included with the postal voting slips
will be details of the Extra Ordinary General Meeting,
where the result will be announced.

October 3rd deadline for
voting slip return.

October 13th
Extraordinary General Meeting.

In the event a positive
vote is received at the EGM, Supporters Direct will
register a Community Benefit Society, which will take
approximately 1 month depending on the speed that
documents are signed and the turnaround time of the
Financial Services Authority.

Details of the makeup of
the trust board and the process for nominating directors
to the trust board, will be sent to members, and details
of the trust deed will be issued to BFCSA members prior
to the trust launch meeting.